Annual report 2006 - Dexia.com

More documents

Recommendations

Info

• there have been no transactions undertaken or decisions taken in breach of the company’s statutes or the Companies’ Code such as we would be obliged to report to you. The appropriation of results proposed to the general meeting is in accordance with the relevant requirements of the law and the company’s articles of association; • in accordance with article 523 of the Companies’ Code, we are also required to report to you on the capital impacts of the decisions of the Board of Directors of March 2, 2006 relating to the remuneration of the representative director and the president of the Board of Directors, in which regard we have been informed of a conflict of interest. The information pertaining to these decisions is included in the management report within the section relating to the remuneration of the Board of Directors and the Management Committee. We are of the opinion that this disclosure is adequate to inform the shareholders about the capital impacts for the company of these decisions. RAPPORT DE GESTION Brussels, March 28, 2007 Board of Statutory Auditors, PricewaterhouseCoopers Mazars & Guérard Reviseurs d’Entreprises SCCRL, Reviseurs d’Entreprises SCCRL, Represented by Represented by R. Peirce X. Doyen COMPTES CONSOLIDÉS (free translation) ANNUAL FINANCIAL STATEMENTS 240 | Dexia / Annual Report 2006
ADDITIONAL INFORMATION CORPORATE OBJECT Article 3 of the Articles of Association reads as follows: “The company has the object, both in Belgium and in other countries, of: GENERAL DATA NAME The company is called “Dexia”. REGISTERED OFFICE The registered office of the company is in Belgium at Place Rogier 11, 1210 Brussels (RPM Brussels VAT BE 0458.548.296). LEGAL FORM, INCORPORATION, DURATION The company is a limited company under Belgian law that makes a public appeal for investment. It was incorporated on July 15, 1996 for an indefinite period. The company has two permanent offices located in France and in Luxembourg. 1. the acquisition, holding, management and sale, by whatever means, of all equity interests in companies or any other legal entities, whatever their legal form, existing or to be created, which operate as credit institutions, insurance or reinsurance companies or which carry on financial, industrial, commercial or civil, administrative or technical activities, as well as all types of shares, bonds, public funds and any other financial instruments of whatever nature; 2. the provision of assistance or administrative, commercial and financial services and accomplishment of all research on behalf of third parties and in particular on behalf of companies and other legal entities, whatever their legal form, in which it holds a direct or indirect equity interest, as well as the provision of loans, advances, guarantees or securities, in whatever form; 3. the conducting of all movable property, real property, financial, industrial, commercial or civil transactions including the acquisition, management, leasing and sale of all movable and real property, related directly or indirectly to the realization of its corporate object or likely to contribute to such realization.” PLACES WHERE THE PUBLIC MAY CONSULT DOCUMENTS The Articles of Association of the company are available at the office of the Clerk to the Commercial Court of Brussels and at the company’s registered office. The annual reports as well as the annual financial statements and the consolidated financial statements are lodged with the National Bank of Belgium. These documents may also be obtained from the company’s registered office. Decisions in relation to appointments and resignations of members of the Board of Directors are published in the Appendix to the Belgian Gazette. Financial notices concerning the company are published on its website (www.dexia.com). The convocations to shareholders’ meetings are published on the website and in the financial newspapers, the daily press and periodicals. RAPPORT DE GESTION COMPTES CONSOLIDÉS COMPTES SOCIAUX INFORMATIONS COMPLÉMENTAIRES Dexia / Annual Report 2006 | 241
Page 1:
no achievement without commitment
Page 4 and 5:
FINANCIAL HIGHLIGHTS 4 MESSAGE FROM
Page 6 and 7:
FINANCIAL HIGHLIGHTS FINANCIAL HIGH
Page 8 and 9:
MESSAGE FROM THE CHAIRMEN MESSAGE F
Page 10 and 11:
MESSAGE FROM THE CHAIRMEN MESSAGE F
Page 12 and 13:
GROUP PRESENTATION GROUP PRESENTATI
Page 14 and 15:
GROUP PRESENTATION HISTORY OF THE G
Page 16 and 17:
GROUP PRESENTATION MANAGEMENT REPOR
Page 18 and 19:
GROUP PRESENTATION MANAGEMENT REPOR
Page 20 and 21:
GROUP PRESENTATION GROUP ORGANIZATI
Page 22 and 23:
GROUP PRESENTATION Group Executive
Page 24 and 25:
GROUP PRESENTATION MAIN ACTIVITIES
Page 26 and 27:
GROUP PRESENTATION December Opening
Page 28 and 29:
CORPORATE GOVERNANCE Dexia’s comp
Page 30 and 31:
CORPORATE GOVERNANCE MANAGEMENT REP
Page 32 and 33:
CORPORATE GOVERNANCE NAME SPECIALIZ
Page 34 and 35:
CORPORATE GOVERNANCE NAME SPECIALIZ
Page 36 and 37:
Page 38 and 39:
Page 40 and 41:
Page 42 and 43:
CORPORATE GOVERNANCE DIRECTORS’ A
Page 44 and 45:
Page 46 and 47:
CORPORATE GOVERNANCE THE MANAGEMEN
Page 48 and 49:
CORPORATE GOVERNANCE The maximum am
Page 50 and 51:
Page 52 and 53:
Page 54 and 55:
THE DEXIA SHARE MANAGEMENT REPORT C
Page 56 and 57:
THE DEXIA SHARE MAIN SHAREHOLDERS O
Page 58 and 59:
HUMAN RESOURCES HUMAN RESOURCES Dex
Page 60 and 61:
HUMAN RESOURCES MANAGEMENT REPORT C
Page 62 and 63:
HUMAN RESOURCES INITIATING AND CAS
Page 64 and 65:
SUSTAINABLE DEVELOPMENT SUSTAINABLE
Page 66 and 67:
RISK MANAGEMENT MANAGEMENT REPORT C
Page 68 and 69:
Page 70 and 71:
Page 72 and 73:
FINANCIAL RESULTS MANAGEMENT REPORT
Page 74 and 75:
FINANCIAL RESULTS to business devel
Page 76 and 77:
FINANCIAL RESULTS ANALYSIS OF THE
Page 78 and 79:
PUBLIC/PROJECT FINANCE MANAGEMENT R
Page 80 and 81:
PUBLIC/PROJECT FINANCE WORLD LEADE
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
PERSONAL FINANCIAL SERVICES MANAGEM
Page 90 and 91:
ASSET MANAGEMENT MANAGEMENT REPORT
Page 92 and 93:
INSURANCE SERVICES INSURANCE SERVIC
Page 94 and 95:
INSURANCE SERVICES MANAGEMENT REPOR
Page 96 and 97:
INVESTOR SERVICES MANAGEMENT REPORT
Page 98 and 99:
TREASURY AND FINANCIAL MARKETS MANA
Page 100 and 101:
GENERAL INFORMATION MANAGEMENT REPO
Page 102 and 103:
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
Page 110 and 111:
Page 112 and 113:
CONSOLIDATED BALANCE SHEET 112 CONS
Page 114 and 115:
CONSOLIDATED BALANCE SHEET ASSETS (
Page 116 and 117:
CONSOLIDATED STATEMENT OF INCOME (i
Page 118 and 119:
MINORITY INTERESTS Core Gains and l
Page 120 and 121:
CONSOLIDATED CASH FLOW STATEMENT (i
Page 122 and 123:
RAPPORT DE GESTION CONSOLIDATED FIN
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
4.1.3. Currency risk 4.2. CREDIT RI
Page 138 and 139:
Page 140 and 141:
Name Head Office % of Consolidation
Page 142 and 143:
GEOGRAPHIC Eurozone (1) Rest of USA
Page 144 and 145:
PORTFOLIO Number Loan Collateral Ex
Page 146 and 147:
Page 148 and 149:
7. NOTES ON THE ASSETS OF THE CONSO
Page 150 and 151:
B. Analysis of quality See note 7.1
Page 152 and 153:
C. Treasury bills and other eligibl
Page 154 and 155:
7.8. SECURITIES HELD TO MATURITY De
Page 156 and 157:
7.10. TANGIBLE FIXED ASSETS A. Net
Page 158 and 159:
7.11. INTANGIBLE ASSETS AND GOODWIL
Page 160 and 161:
A. Other assets Analysis by nature
Page 162 and 163:
Present value of finance lease liab
Page 164 and 165:
8. NOTES ON THE LIABILITIES OF THE
Page 166 and 167:
B. Analysis by maturity and interes
Page 168 and 169:
Convertible non-subordinated debt D
Page 170 and 171:
D. Provisions for pensions and othe
Page 172 and 173:
H. Range of assumptions to determin
Page 174 and 175:
9. OTHER NOTES ON THE CONSOLIDATED
Page 176 and 177:
Deferred tax coming from assets of
Page 178 and 179:
2. Change in profit sharing reserve
Page 180 and 181:
B. Nonlife contracts B.1. Income an
Page 182 and 183:
9.4. RELATED PARTIES TRANSACTIONS A
Page 184 and 185:
Page 186 and 187:
The assets and liabilities disposed
Page 188 and 189:
9.8. SHARE-BASED PAYMENTS STOCK OPT
Page 190 and 191:
9.9. MINORITY INTERESTS - CORE EQUI
Page 192 and 193: Dec. 31, 2005 Dec. 31, 2006 Banking
Page 194 and 195: 10. NOTES ON THE CONSOLIDATED OFF-B
Page 196 and 197: 11.3. NET INCOME FROM ASSOCIATES De
Page 198 and 199: 11.6. COMMISSION INCOME AND EXPENSE
Page 200 and 201: (AVERAGE FTE) France Belgium Luxemb
Page 202 and 203: 11.14. IMPAIRMENT ON GOODWILL Nil.
Page 204 and 205: 12. NOTES ON RISK EXPOSURE (IN MILL
Page 206 and 207: 12.2. CREDIT RISKS EXPOSURE A. Anal
Page 208 and 209: 12.3. INTEREST RATE REPRICING RISK:
Page 210 and 211: RAPPORT DE GESTION CONSOLIDATED FIN
Page 212 and 213: 12.6. LIQUIDITY RISK: BREAKDOWN BY
Page 214 and 215: 12.7. CURRENCY RISK As of Dec. 31,
Page 216 and 217: BALANCE SHEET 216 OFF-BALANCE SHEET
Page 218 and 219: BALANCE SHEET (before income approp
Page 220 and 221: STATEMENT OF INCOME (in thousands o
Page 222 and 223: 3.2.5. Amounts receivable after mor
Page 224 and 225: 4.2.6. Amounts receivable within on
Page 226 and 227: RAPPORT DE GESTION COMPTES CONSOLID
Page 230 and 231: 4.6. STATEMENT OF FORMATION EXPENSE
Page 232 and 233: 4.10. SHARE IN THE CAPITAL AND OTHE
Page 234 and 235: D. Commitments to issue shares Amou
Page 236 and 237: 4.19. OTHER TAXES AND TAXES BORNE B
Page 238 and 239: 6. SOCIAL REPORT 6.1. STATEMENT OF
Page 240 and 241: 6.3. STATEMENT CONCERNING THE IMPLE
Page 244 and 245: DEXIA IN THE WORLD RAPPORT DE GESTI
Page 248 and 249: RAPPORT DE GESTION Kommunalkredit D
Page 250 and 251: Dexia’s Annual Report 2006 has be
Page 252: SDXI 0109-5 03-07
show all

Annual report 2006 - Dexia.com

Create successful ePaper yourself

Delete template?

Save as template?